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An Autonomous Money Rate of Interest
The Money Wage as the Residual
2 other sections not shown
adjustment autonomous balance of power Bank of England Britain bullion reserves cheap money conversion operation cost of production decline demand for gold distribution of income effect exogenous explaining distribution explanation of distribution factors fiat money economy given technique gold money economy gold money system gold money wage gold standard I.G. Sharpe income between wages industrial capitalists interest rates interest-rate policy labour level of money long run price long-term rate monetary demand monetary explanation monetary policy monetary system money prices money rate national debt nineteenth century normal cost normal distribution normal money wage normal price normal rate normal real wage Pivetti poor laws price of gold price-wage ratio prices of commodities production of gold rate of interest rate of profit residually determined rise run price level social wage social welfare provision Speenhamland System Sraffa model subsistence surplus product technique of production tend unemployment W.P. Hogan wage determination wages and profits